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Transferring your drawdown pension

Going into drawdown with one pension provider doesn’t mean you are stuck with them forever. If you’re taking money from your pension through drawdown and planning to do so for a decade or two, it may be worth your while moving your pension to a new provider.

Important information - The value of investments can go down as well as up, so you may get back less than you invest.

It’s important to understand that pension transfers are a complex area and may not be suitable for everyone. Before going ahead with a pension transfer, we strongly recommend that you undertake a full comparison of the benefits, charges and features offered. To find out what else you should consider before transferring, please read our pension transfer factsheet. If you are in any doubt whether or not a pension transfer is suitable for your circumstances we strongly suggest that you seek advice from an authorised financial adviser.

A lower-cost pension could save you money in the long run. You might also find you have more investment options and allow you to take greater control of your retirement income.

Why transfer a pension in drawdown to Fidelity?

Low fees
Wide investment choice at low cost
Great service

If you decide to transfer a pension that’s already in drawdown to us please contact Fidelity’s Retirement Service to start the process.

It’s important to understand that pension transfers are a complex area and may not be suitable for everyone. Before going ahead with a pension transfer, we strongly recommend that you undertake a full comparison of the benefits, charges and features offered. To find out what else you should consider before transferring, please read our transfer factsheet. If you are in any doubt whether or not a pension transfer is suitable for your circumstances we strongly recommend that you seek advice from an authorised financial adviser.

The value of investments and the income from them can go down as well as up and you may get back less than you invest.

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We can help

If you want to transfer a pension to us that is already in drawdown, please contact our retirement specialists to start the process. Transferring a pension is a big decision, so they will explain what happens and offer any guidance or advice you may need.

Call us on 0800 368 6882, Monday to Friday, 9am - 5pm.

Fidelity's retirement service

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Pension Wise

The Government offers a free and impartial guidance service to help you understand your options at retirement. This is available via the web, telephone or face-to-face through government approved organisations, such as The Pensions Advisory Service and the Citizens Advice Bureau. You can find out more by going to pensionwise.gov.uk or by calling Pension Wise on 0800 138 3944.

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